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tv   [untitled]    August 6, 2011 8:00pm-8:30pm EDT

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joins me though to raise the level of violence the gateway to the ground in theory . the socialist that. you can to listen to socialism that you know it's a duty to go publicly and run this in the kernel was the term is used to retreat. dropping the dollar china again raises the possibility of a new global reserve currency after washington led the u.s. credit rating slip. hundreds of thousands of israelis return to the streets across the country either by the high cost of living at an affordable housing prices. and the u.s. suffers its single largest loss of life in the afghan conflict as a nato helicopter is reportedly down by the taliban.
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it's four am in moscow i matricide good to have you with us here on r t our top story the united states prize aaa credit rating has been cut for the first time since one thousand nine hundred seventeen standard and poor's has dropped america's ranking one notch to double a plus this comes after a last minute debt deal earlier this week and narrowly rescued the country from default s. and p. says the spending cuts agreed by congress are routed a half trillion dollars short and if it's not change the rating could fall further in the coming years but the obama administration says the analysis is way off and will damage any recovery party's lucy carter cannot have more from washington. well it really is more than anything a huge a symbolic and unprecedented blow to the united states to its status as a safe investment basically what this credit rating lowering does that it does it really raises questions about the validity of the united states and the ability of the u.s. politically to get its financial house in order so to speak the record questions
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here for the american people for the u.s. government could be severe now while this only takes it down from a aaa to a.a. plus with a negative outlook threatening in fact that the rating could get lowered even more in the next two years what it does is it potentially is that is the message that the united states is a risky investment that it sends interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates can go up car interest rates can go up and really the rest of the u.s. economy could be severely affected now one thing that we do have to keep in mind here is that the obama administration had pointed out that the s. and p. had made an error of about two trillion dollars in. projections in releasing that information now the s. and p. doesn't make these decisions based on any sort of special information they really it really is a political reaction based on facts that are available to just anyone and so the other thing we have to keep in mind here is that these same credit ratings agencies
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essentially allowed top ratings to continue in the united states at a time when we were investing a lot of money in these mortgage security is that essentially in their collapsing and pulling down the u.s. economy with it so they don't really have all of that much credibility in the eyes of the world market still however we don't know what will happen come monday when the markets will open and if those interest rates do rise there could be a root ball at this very unstable economic time here in the united states with the passage of this debt deal the u.s. government's hands are essentially tied in terms of stimulating. economy in terms of any sort of new spending that could boost growth we saw g.d.p. growth stalled to almost a crawl in the second half of the year we saw on top of that the jobs report that came out on friday for the united states while it was somewhat positive it actually showed negative growth because it means that more people here in america have given up looking for work so politically there's really not that will in washington to do
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what's needed to to stimulate growth and financially they simply do not have the tools in their possession in order to improve things here and so while these credit rating agencies may sometimes be accused by some financial experts of having missed the mark long ago these small tiny effects in terms of higher interest rates could really really critical what's already seems to be a worsening recession here in the united states. swore the senior analyst at green cross capital believes that this may just be the beginning of more serious trouble for the u.s. economy. it sets up an environment in which symbolically politically and economically the united states' leadership but global economy has another kind of strike against that it does reduce people's confidence people get scared of it run away from riskier assets right into bigger risk is to the mortgage market but a very fragile situation in u.s. housing as well as do the loans car loans. credit conditions generally and i would
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remind people too that s. and p. didn't just downgrade the united states they put us on further downgrade watch they're suggesting that this downgrade may be big could be giving up a process and not be have i do think that the leadership of united states here for the dollar has come in free creasing question over the last few years we know the direction that this is heading in more or less down the problem we have is that there is no other currency presently position to fill the shoes of the u.s. dollar i mean the euro normally mentioned as a possible replacement is in shape that makes the dollar situation look pretty good right now so clearly that doesn't look likely but i you may see regional currencies emerge with euro zone rules of renminbi and again and even brazilian but i taking up some of the position that dollar historically had in their respective world regions. china reacted to the news of the downgrade by suggesting a new stable reserve currency is needed instead of the dollar concerns are also
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rise arising in asians third largest economy india where the finance minister the situation grave or his prius rita has more from new delhi. markets are tumbling they were tumbling on friday obviously we don't know what's going to happen on monday in specific reaction to this news but many analysts many financial analysts here predicted this especially after the u.s. debt ceiling debate that took so long and in many ways is what people are saying led to these lower approval ratings i guess you could say so the markets have tumbled here people are losing confidence in the american economy obviously there are things that soaring there is seeing a lots of decisions not specifically being made when it comes to the two point four trillion dollars in cuts a lot of people are wondering if it took the u.s. this along to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out where to cut in asia has a very vested interest in this if you think about what these ratings actually means
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that means of the united states won't be able to repay a lot of their loans in asia actually hold three trillion dollars in the united states loans the people here are watching what's happening in the united states very closely and you should investors are getting dogs in the wake of what's been a tough week for the u.s. economy according to the restaurant offered your broad. all the asians already know that america's got problems all of us are already moving out of u.s. government bonds we never got out of the first global recession unemployment in america is still higher than it was in two thousand and eight the american dead has skyrocketed and gone through the dead through the roof america's in worse shape now than it was before america spent a lot of money and the people who got that money are better off but the overall situation is much worse america's quadrupled it's dead america if you take in the consider the things that they guaranteed they printed huge amounts of money you know the world has gotten worse or hasn't gotten better provision of the us will
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get bought that's why people are moving away from us government bonds because everybody knows that the us is in serious trouble and the debt situation is getting worse and worse not better and better. as america's credit rating gets downgraded by a notch some fear the move could spark another black monday on irrational stock markets your leaders criticize the rating agency standard and poor's accusing it of double standards and promise to establish a european agency in response or his daniel bushell has more. downgraded trust in the rating agencies to junk status. the agency admitted a two trillion dollar miscalculation when deciding this downgrade they claim to have the world's best minds working for them god doesn't really surprise people here because most know that america's has had unsustainable for many years now well everyone apart from the rating agencies it seems and the day before firms collapsed in the credit crunch they still had aaa ratings all those companies know that maybe
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agencies lose their reputation but people lost their whole savings triggering the world recession the followed e.u. leaders are also furious about s. and p's double standards they held long talks with the white house before this decision they briefed them about it when it would take place what would happen and that's about the white house to prepare a smooth response to the media or even question the agency's judgment none of the happened last week when the agencies graded the european union countries. ratings now that's the gist of the agencies are inconsistent to say very least and as a result the european union is creating its own agencies. for americans who will see themselves having to pay more more interest on their loans in time to pay more. is bad really for everyone around the world who lend money to america because it raises the risk of not getting that money back. one small debt for man
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one giant black hole for a government coming up later in the program we're in new york to ask what's the difference between our debt and those of our governments. much worse for government to be and why because we trust the government to do the right thing and they're doing absolutely the opposite of that we do you trust you sound to do the right thing in live within your means i do that i mean debt is such that i can pay it off . a wave of mass anti-government protests is underway across israel but biggest is happening in tel aviv with up to a quarter of a million people attending their anger about the high cost of living at an affordable housing artie's parsley or has more. when a ferry is electrified with what it did i mean jubilant and defiant they say they're not going anywhere until the israeli prime minister benjamin netanyahu meet
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they demand the prices organizers have been warning that some three hundred thousand people will take to the streets not only of tel aviv should also jerusalem and several other cities tonight and still she says hey we're going up three hundred thousand people are here where i'm standing after seven tell you that there are tens of thousands of e-mails now police have been out in full force for at least twelve hours a total of all those leading to the missions and in the time it took me to pass through the security checks that cost hundreds of protesters walking in opposite direction photoshop than is no united and it just took an office demonstration which is the fifo demond social justice and that's what they think right now we have another slogan also that people will take back the man treat that yet you're not also making a number surcharge on hoops of wives of policeman a social workers our teachers our doctors all of them talk the course of the day
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saying that they were mobilizing the communities and ordering them to come to the street tonight's protest also comes in the way to controversial housing legislation that was passed earlier this week five israeli knesset all these way to parliament and according to protesters here it caters to the reach the rich again making affordable housing out of the reach of ordinary people now we may have to be the comparison is being made between what we see here in israel and what has been happening and continues to happen in neighboring egypt this demonstration is painted over around a main street in tel aviv known as what's child boulevard and there are tens upon hundreds of tents on that street people have been sleeping there they've been eating they've been holding discussions and meetings they've been playing instruments essentially they've been living their lives on the street and some people here have dubbed tuffy a square. corner of course being a reference to the copies of egypt revolutions a city that is a comparison we all still being young people come to the streets here this is
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a demonstration it will mobilize you in much the same ways it was in egypt the civilization is also taking place online but people constantly tweeting people out a few souls on facebook facing pictures and videos on you tube and like we saw in egypt people can clearly pull change now the british prime minister benjamin netanyahu has been very quiet in his response to much the same as the top people of egypt and president hosni mubarak was it's all top ten fifteen a fine day the opposition leaders believe me issued a scathing attack against saddam hussein that not only was he out of touch with the people. if it be visiting with try and stop these demonstrations and even if it in the past few days and that imitation is part of the news many people in the country thirty to be here is. people mobilize people are saying they could nowhere
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until after the government is a monster. said member daniel says prime minister netanyahu doesn't realize that the protests are rooted in public discontent and don't come from political rivals. people here a year league i'll show us keeping industry and tens of thousands he won't see the police shooting all beating the quickest is it's very polite it's very strong very polite as to how to change the policy of the government and how to have a better life in israel who can be there have not read any wounded in the last three weeks i don't think it will be different in the coming weeks this is a strike usually professionals it's not of unemployed people we have almost no an employment but you do everything and see if you can not have a decent life this demonstration has no right wing or left wing views it is moost
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of the mainstream israelis who feel so bad about all their lives and they go to district like tonight and maybe next week and i don't think mission it gets the right view of these demonstrations he thinks that political parties are behind it and he's wrong. thirty u.s. special forces personnel and seven afghan soldiers have been killed in a helicopter crash in afghanistan the aircraft was hit by a rocket propelled grenade in the eastern province instead it marks the biggest single loss of life for u.s. forces in the country some of the officers aboard the helicopter were reportedly part of the same unit that carried out the assassination of osama bin laden medea benjamin from the antiwar movement code pink says the u.s. has caused much damage in afghanistan it's time for them to pull out. but we have seen in these last ten years of endless war is that the presence of u.s. troops is it strengthens the taliban it gives the taliban a reason for being and the more that the u.s.
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troops continue to be their. violence will continue a report recently came out from the international crisis group that showed that despite billions of dollars in international aid and over one hundred thousand nato forces the afghan people are not able to be secure everybody knows that this crisis has to enter negotiations the sooner it happens the better and i think this crash is really a time when we should say to ourselves in the united states how many more of our soldiers' lives are we willing to sacrifice for an unwinnable war kind is no longer in in afghanistan we have moved on to pakistan somalia yemen the u.s. has no reason to be fighting the taliban the taliban never attacked us in the united states and only attacks are soldiers because we are occupying their country so i think with the financial crisis in the united states and now this tragic death of thirty one who are of our soldiers it is time to really say if you want to say
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victory and pull out or whatever but it's time to get out. web site you can always find our top stories and much much more here's what's a click away right now. check out this dramatic video of firefighters battling a warehouse blaze in south of moscow. and could go from london to london spam a group of hard line those on the run to impose shari'a law in the u.k. which led to their own amputations for petty theft and to illustrate that point check out our cartoon section on r.t. dot com where we draw out all the major story. people loyal to former ukrainian prime minister yulia timoshenko continue to
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protest against her arrest her supporters of send out set up a tent camp outside of the center of the capital kiev she was arrested friday for contempt of court parties alexy our ships he has more. several dozen supporters of you to show you are protesting here believing that the case is politicized and being orchestrated directly by president of the college several hundred more people are stationed in the tent camp at the main see the main street and give credit st that's where the court building is we're hearing off constant clashes between the supporters of unity which angle and the law enforcement officers you had so much anger is being accused of serious economic crimes including striking unlawful gas deals with russia and unlawful usage of money which a crane received from signing the kyoto protocol several years back now it is interesting because there have been already comments from russia's foreign ministry which urged ukraine to hold
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a transparent and clear case on units i'm ashamed as well as saying that all gas deals which ukraine and russia signed in two thousand and nine were completely legitimate and were signed in full accordance with the two countries laws there also be very sharp comments coming from the european union with almost all of the nations in europe criticizing the current state of affairs the fact that you. has been placed under arrest and they demand that she must be released immediately and that the trial must be held in a transparent way. to get out of some other stories making headlines across the globe protesters have clashed with authorities in north london rioters tried to storm a local police station shops in a passenger bus were also set on fire plus two patrol cars demonstrations happened after a twenty nine year old man was shot dead by a police gun crime unit earlier this week more than three hundred people took to the streets of the british capital to demand justice over the killing. of syria's foreign minister has pledged three democratic general elections in the country by
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the end of the year as activists say a fresh clashes in syria have left at least twenty four people dead with security forces firing at anti govern. protesters the six day crackdown has now reportedly killed around two hundred people across the country international condemnation of the violence is growing and the u.s. officials say we're working on new ways to influence the situation beyond sanctions . seventeen people have been killed four injured in a multiple vehicle collision in southern china state media says the pilot happened after two trucks collided flipping one of them into the path of an oncoming passenger minibus authorities are checking out whether overloading of the vehicles involved may have been a factor in the accident. turning back to the u.s. debt drama that seen its top tier credit rating take a hit now if you or i get deep in debt the bank is ready to pounce and yet it's only now that the u.s. which owes trillions is seeing its credit score decline talk show host laurie
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harshness asked people on the streets of times square why consumers seem so addicted to borrowing. why do you think so many people allow themselves to get so far and that is the is the age that we live in everybody sees the person next door that they've got a brand new car the lifestyle and that's what they want is so much advertising and people just want you to spend money so i think that's the difference between americans and europeans but you have advertising in europe or you just you don't pay attention to it or. i think we pay less attention to it and we probably think a little more about what we need and what we can afford but it's all about thinking yes i think so is it worse for you to be into personally that it is for
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a government to be in that. it's much worse for a government to be and why because we trust the government to do the right thing and they're doing absolutely the opposite of that don't you trust yourself to do the right thing and live within your means i do. such that i can pay it off debt is dead it's bad for governs best for individuals and the government should show leadership they got to clean it up do we really expect our government to get its act together if we can't get our act together for small family we can only hope that individuals and the government will step up and make a difference whether or not you're in debt personally the bottom line is we've become a planet of debtors so it might be time for all of us to rethink what it is to live within our means. the next we travel thousands of kilometers east of moscow and also millions of years back in time.
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we're taking all the way to russia's far east in the our region our remote but rich area holding some of russia's largest reserves of precious metals artie's hours her a pro met one team whose treasure lies not in gold but bones. this week the russian close up team is coming to us all week from the far eastern and more region and for many this region's distinctive juice to its proximity to china and its smallest reserves of warmer cereals and natural as the will says puts the one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the ground here that will put this region firmly on the map. and you even on the ski is a man obsessed with the past a bygone age when dinosaurs rule this part of russia he may have been born in the country's north and western areas but it's the far east on tap jurassic history in
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the region to which he's devoted his adult life to respond to her very near this side to be known since about nine hundred forty eight that would have been unbelievable number of bones are buried here and i think will be digging for at least another two years literally everywhere here the ammo region is looking at one of the few functioning archaeological sites only here can a site boast of having produced a complete dinosaur skeleton that discovery made over a decade ago led to the full recognition of the new breed of dinosaur a lot a ton or giant someone at twelve nice along heard of or found almost exclusively here and it was you the son who first obstacle fragment a tail bone sticking out of the father and son went on to make paleontology history than his sins followed in his father's footsteps it's painstaking work requiring patience and skill in equal measure when we discover the wrong way we begin to
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remove the ground around it from a foreign. your current and a show. where a girl who are slow because zero can be more in the ground around it. but why does it. yuri and his team have been excavating this site for the past three years and already they found well over one thousand dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more divers schools i get to be found within this small plot alone i am told that these are all new slightly the fragments of another giant duckbilled planted a unique to the region and named in his honor the are more saurus is another previously undiscovered breed credited to team the lot ski which includes an italian also as scientists it was she who came out with both steiner saul's names as well as taking
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day to day charge of running the region's only paid homage to the bora tree and museum each new discovery must be carefully catalogued and examined the aim is to inspire the next generation of dinosaur hundreds of this was one ensuring the family's feeds don't go on remembered but the reckon you can see a lot of europe a lot excavation site and here you see foreigners are. scared of him or czarist and crowbars are quite a strange looking reptile is an answer learn from the follies of history stars miles and this is charles marsh and american parents are just in eight hundred eighty seven he visited moscow and announced that there were no dinosaurs in russia and everyone believed him luckily your evil lawsky comes from a long line of scientists who chose to follow their own instincts and secure and was place in the history books as one of the world's foremost sites for
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paleontology it was their determination and new small amount of teaching that reveals a dinosaur john karr's alice habits are see the more regions. back with the headlines after a short break stay with us your art. if . you.
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are limited. to. me. if. he.
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says. if used to be an ideal place for a holiday political change in a moment. the wounds of war are still visible. the republic is not only relieved but also shaping the future.

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